Visa's market share in Saudi Arabia declined by 25 percentage points between 2020 and 2021, not making it the country's biggest payment card brand. The biggest brand is mada from the Saudi Payments Network. This local ATM and POS network used to be known as SPAN and is developed domestically to promote digital payments. Consequently, the market share of cash money in Saudi Arabia is declining - although still dominant at POS transactions as of 2020.
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022
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Worldpay, & Statista, & PPRO. (January 1, 2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022 [Graph]. In Statista. Retrieved January 21, 2025, from https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed
Worldpay, und Statista, und PPRO. "Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022." Chart. January 1, 2024. Statista. Accessed January 21, 2025. https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed
Worldpay, Statista, PPRO. (2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022. Statista. Statista Inc.. Accessed: January 21, 2025. https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed
Worldpay, and Statista, and PPRO. "Market Share of Payment Card Brands - Visa, Mastercard, American Express, or In-market Local Card Schemes - in Saudi Arabia from 2019 to 2022." Statista, Statista Inc., 1 Jan 2024, https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed
Worldpay & Statista & PPRO, Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022 Statista, https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed (last visited January 21, 2025)
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2022 [Graph], Worldpay, & Statista, & PPRO, January 1, 2024. [Online]. Available: https://www.statista.com/statistics/1312432/biggest-card-schemes-in-saudi-arabia/?__sso_cookie_checker=failed
